Raymond James Financial Inc. Invests $337,000 in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI)

Raymond James Financial Inc. purchased a new position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 22,353 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its position in shares of RiverNorth Opportunistic Municipal Income Fund by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock valued at $7,279,000 after purchasing an additional 8,865 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of RiverNorth Opportunistic Municipal Income Fund in the fourth quarter worth $161,000. Robinson Capital Management LLC raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 22.3% in the fourth quarter. Robinson Capital Management LLC now owns 46,217 shares of the company’s stock valued at $696,000 after acquiring an additional 8,441 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in RiverNorth Opportunistic Municipal Income Fund by 133.4% during the 4th quarter. Wolverine Asset Management LLC now owns 87,801 shares of the company’s stock valued at $1,322,000 after acquiring an additional 50,176 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in RiverNorth Opportunistic Municipal Income Fund during the 4th quarter valued at $107,000.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RiverNorth Opportunistic Municipal Income Fund stock opened at $14.49 on Friday. RiverNorth Opportunistic Municipal Income Fund, Inc. has a 1 year low of $13.63 and a 1 year high of $16.74. The firm’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $15.29.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.0945 per share. This represents a $1.13 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Opportunistic Municipal Income Fund Profile

The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.